Anonymous
Share this content

Interest paid to associated company

Interest paid to associated company

Didn't find your answer?

Can I please confirm that interest charged between 2 associated companies needs to be added back in both tax comps where the interest has not been paid within 12 months of the year end and the paying company has insufficient assets to pay?

Replies (5)

Comments for this post are now closed.

avatar
By pauld
28th Apr 2021 16:29

Do you have a name for your parrot?

Thanks (0)
avatar
By The Dullard
28th Apr 2021 16:54

There is no basis for "adding back" in the recipient company. There may be a basis for adding back in the paying company, but it has nothing to do with when the interest isn't paid. You might need to bring a proper accountant in on this one.

Thanks (0)
avatar
By Tax Dragon
28th Apr 2021 16:50

Where were you in 1996?

I second Dulls's advice (not that it needed seconding).

Thanks (0)
avatar
By DaveyJonesLocker
28th Apr 2021 21:09

Asking numerous times, and under anonymous, warrants no answer

Thanks (0)
Tallula Brogan
By Tallula Brogan
29th Apr 2021 11:17

The moderating team have decided to close any further comments on this thread. Thank you.

Thanks (0)
Share this content